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Share Price Information for Cadence Mineral (KDNC)

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Share Price: 3.60
Bid: 3.50
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Change: 0.05 (1.41%)
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TRADING UPDATES: Alphawave teams with Intel; Cadence's Amapa progress

Mon, 07th Feb 2022 18:29

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Alphawave IP Group PLC - designs and licences chip technology - Teams with Intel Corp's Intel Foundry Services. Intel Foundry is a unit of Santa Clara, California-based Intel. It manufactures third-party chips. "By combining Intel's manufacturing and operational prowess with Alphawave IP's technology leadership in connectivity solutions, the partnership will enable some of the world's largest chip companies and hyperscalers to build the most advanced semiconductor devices in 2022 and beyond," Alphawave says.

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Cadence Minerals PLC - London-based investor in mineral resources - Says required contractual and regulatory documentation completed and filed at Amapa iron ore project, sealing process and ensuring Cadence now owns 20% of the Brazil-based project. Cadence notes Anglo American PLC, a previous owner, valued the asset at USD1.2 billion and impaired it at USD600 million back in its 2012 accounts.

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Oilex Ltd - Perth-based company focused on the development of natural gas assets - India's Ministry of Environment, Forest & Climate Change confirms decision to approve environmental clearance for Cambay field.

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Hunting PLC - London-based supplier to oil and gas industry - Refinances core borrowing facilities and enters into USD150 million asset based lending facility with Wells Fargo and HSBC. New facility has four-year term and replaces USD160 million revolving credit facility. "The ABL facility contains an accordion feature of up to a further USD50 million which is accessible subject to further credit approval from the relevant lenders, enabling the company to increase the total facility quantum to USD200 million," Hunting adds.

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Helium One Global Ltd - London-based exploration & development company - Begins electrical resistivity tomography at Rukwa asset. Survey will probe area identified from phase I and phase II 2D seismic surveys. Will also investigate "surface helium anomalies identified in recently completed multispectral satellite spectroscopy study".

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Wildcat Petroleum PLC - targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, including the use of blockchain within the sector - Names PETRO-TEC as petroleum consultants. "PT will be able to devise, implement, run and evaluate appropriate field development projects alongside WCAT," company says.

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Insig AI PLC - London-based machine learning and data science firm which serves the asset management industry, formerly known as Catena Group PLC - Picked for PwC's Scale FinTech programme, aiming to give access to new opportunities within the accounting firm and its clients. "After an extensive selection process, Insig AI was one of only nine companies this year chosen from more than 700 applicants from around the world. Insig AI is also the only FinTech with ESG expertise on the programme," Insig says.

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Octopus Renewables Infrastructure Trust PLC - London-based investment company focused on renewable energy assets in Europe and Australia - Declares 1.25 pence per share dividend for fourth quarter ended December 31. Notes 2021 payout totals 5.0p per share, meeting target. For 2022, it eyes 5.24p payout, up 4.8%.

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ImmuPharma PLC - London-based drug discovery and development company - Says UK Medical & Health Products Regulatory Agency approves pharmacokinetic study Lupuzor in Lupus patients. "Volunteers have been selected and approved for inclusion in the PK study," company says. Vounteer dosing to begin on February 15 and study on track to deliver results by end of first quarter.

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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photodisinfection-based therapies - Treats first patients in phase 2 of US Food & Drug Administration nasal photodisinfection exploratory trial. "The study will evaluate how effectively the treatment eradicates pathogens -Staphylococcus aureus - in the nose, and the occurrence of surgical site infections within 30 days of surgery," Ondine adds.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Nov 2023 16:56

EARNINGS AND TRADING UPDATES: Wishbone Gold celebrates project buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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9 Nov 2023 12:54

EARNINGS AND TRADING: Wincanton profit down; James Cropper ups payout

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Oct 2023 12:55

Cadence Minerals shares surge on accord for Amapa project in Brazil

(Alliance News) - Cadence Minerals PLC on Monday said its joint venture company Pedra Branca Alliance, alongside DEV Mineracao SA,have signed an accord for the Amapa iron ore project in Brazil.

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30 Oct 2023 12:47

Cadence shares surge on new Amapa deal

(Sharecast News) - Cadence Minerals shares were rocketing on Monday after it announced a memorandum of understanding (MoU) related to its Amapa Iron Ore Project in Brazil.

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30 Oct 2023 10:25

AIM WINNERS & LOSERS: Neometals falls on vanadium project pull out

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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29 Sep 2023 12:26

EARNINGS: MGC Pharmaceuticals loss widens, Codex eyes acquisitions

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:

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18 Sep 2023 21:27

IN BRIEF: Cadence Minerals updates on portfolio company, Evergreen

Cadence Minerals PLC - London-based investor - Notes that ASX listed Evergreen Lithium Ltd has announced the final analysis of its Exosphere by Fleet ambient noise tomography geophysics survey at Bynoe. Says nine potential pegmatite targets in total have been identified, each characterised by low seismic velocity anomalies. Adds geochemical sampling and mapping continues at Bynoe in advance of maiden drill programme which awaits conclusion of MMP and AAPA approval process. Says geophysical and geochemical integration and analysis ongoing. Cadence holds 8.74% stake in Evergreen.

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12 Sep 2023 18:40

Cadence Minerals says Hastings expands Yangibana offtake agreement

(Alliance News) - Cadence Minerals PLC on Tuesday noted an announcement by Hastings Technology Metals Ltd, in which it holds 1.4% of share capital.

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11 Sep 2023 14:09

Cadence Minerals says Amapa iron ore project licensing shortened

(Alliance News) - Cadence Minerals PLC on Monday said the licensing timeline for its flagship Amapa iron ore project in Brazil has been shortened.

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9 Aug 2023 15:49

UK shareholder meetings calendar - next 7 days

Thursday 10 August 
Eight Capital Partners PLCGM re proposal to convert loan notes
Foresight Group Holdings LtdAGM
Marks Electrical Group PLCAGM
Silver Bullet Data Services Group PLCAGM
Friday 11 August 
Crushmetric Group LtdAGM
SIMEC Atlantis Energy LtdAGM
TwentyFour Select Monthly Income Fund LtdAGM
Monday 14 August 
Ethernity Networks LtdAGM
Nanoco Group PLCGM re change in the control of the company
Tuesday 15 August 
Castings PLCAGM
Momentum Multi-Asset Value Trust PLCGM re reconstruction and voluntary winding-up
Primorus Investments PLCAGM
WH Ireland Group PLCGM re dealings in the new ordinary shares
Wednesday 16 August 
Cadence Minerals PLCAGM
Calnex Solutions PLCAGM
NextEnergy Solar Fund LtdAGM
NFT Investments PLCAGM
StreaksAI PLCAGM
VSA Capital Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Aug 2023 13:24

Cadence Minerals "pleased" by Hastings Technology's new contract

(Alliance News) - Cadence Minerals PLC on Friday announced that its investee Hastings Technology Metals Ltd has executed a USD210 million contract for work on the Yangibana rare earths project.

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27 Jun 2023 13:51

Cadence Minerals results hurt by European Metals Holdings share slide

(Alliance News) - Cadence Minerals PLC on Tuesday reported a wider annual loss, caused by unrealised loss on financial investments.

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13 Jun 2023 13:41

Cadence Minerals' investee Hastings strengthens position with Neo deal

(Alliance News) - Cadence Minerals PLC on Tuesday noted an announcement by Hasting Technology Metals Ltd, signalling progress on an agreement with Neo Performance Materials Inc.

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1 Jun 2023 13:39

IN BRIEF: Cadence investee Evergreen finds large-scale lithium targets

Cadence Minerals PLC - London-based early stage investment and development company within the mineral resource sector - Says investee Evergreen Lithium Ltd has identified large-scale lithium pegmatite targets during a geochemical programme at Bynoe project 50 kilometres south of Darwin, Australia. Cadence is Evergreen's largest shareholder with an 8.7% stake or 15.8 million shares. Soil samples at Bynoe show significant NE-trending lithium anomalism, extending previously identified lithium anomalies and revealing two broad NE-trending zones. These host multiple lithium pegmatite targets. Geochemical sampling and mapping are underway to further define existing and additional targets. Geophysical ambient noise tomography survey data has been received and interpretation is in progress.

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31 May 2023 14:19

IN BRIEF: Cadence notes Hastings Tech's strategy for Yangibana mine

Cadence Minerals PLC - London-based early stage investment and development company within the mineral resource sector - Notes Hastings Technology Metals Ltd's introduction of development strategy for the Yangibana rare earths project in Australia. Says initial focus will be on the construction of the Yangibana mine to produce rare earths concentrate, and develop a hydrometallurgical plant to produce mixed rare earth carbonate. Adds, the strategy will reduce upfront capital requirements and project execution risks, as well as target cashflow by the first quarter of 2025. Total project capital cost estimated at USD948 million.

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